$BTC #BTC Bitcoin continues to attract the attention of companies worldwide, this time from Norway. With Bitcoin's price exceeding $105,000, companies are racing to adopt Bitcoin not only as a store of value but also as a key component of their financial plans. The latest of these steps came from the Norwegian block exchange NBX, which announced on June 2 the purchase of Bitcoin, resulting in a significant jump in its share price by 138% in just one day. NBX buys Bitcoin and sparks investor enthusiasm.
NBX began its strategy by purchasing 6 Bitcoins valued at $633,700, with the intention of increasing its holdings to 10 Bitcoins during the current month. This move was not just a publicity stunt but part of a larger plan to launch a stablecoin called USDM on the Cardano network, along with returns based on Bitcoin within the Cardano ecosystem.
Investor reaction was strong, with NBX shares rising to €0.033 ($0.038), reflecting market confidence in its Bitcoin-backed project. During today's trading, the Norwegian company's stock (FRA: 9Q3) rose by 20.36%, currently trading near €0.040 levels.
NBX is paving the way for a transition to a digital asset bank.
NBX has not only purchased Bitcoin but also hinted at its ambitions to transform into a fully integrated digital asset bank. The company aims to offer Bitcoin-backed loans and achieve greater operational efficiency, which could attract investment institutions seeking financial tools based on digital currencies.
Major Norwegian companies own Bitcoin as part of their investments.
NBX's step is not the first in the Norwegian market. Aker ASA owns 1,170 Bitcoins through its digital currency-focused company Seetee, while brokerage firm K33 raised $6.2 million to expand Bitcoin trading. The Norwegian sovereign wealth fund – the largest globally at $1.7 trillion – has indirect exposure to approximately 3,821 Bitcoins through its shares in companies that own digital currencies.
Bitcoin is turning into a growth engine, not just "digital gold".
Bitcoin is no longer just an investment refuge. Through Cardano projects and stablecoins like USDM, the use of Bitcoin is expanding within financial innovations, affirming its role as a key driver of business growth. The accelerated interaction from companies reinforces this trend and makes Bitcoin a hub for future financial strategies. #USDM #NBX